Housing4Colroado Logo

Multifamily Parking Ratios Lowest Since 1960s

According to a study from the National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.

Part of this shift is a decrease in car ownership among renters ages 15 to 34. From its peak in 2009 to 2016, the percentage of renters ages 15 to 34 who owned a car decreased from 33.7% to 30.7%.

Source: Housing Wire